#562 Bassam Alghanim

Country Of Citizenship: KuwaitResidence: Kuwait City, Kuwait, Middle East & AfricaIndustry: FinanceMarital Status: married, no children

Became president of family-run conglomerate during a Kuwaiti economic downturn in the 1980s. Under his leadership the group has expanded marketing and strategic alliances with Xerox, American Express, Minolta and others. Now employs 4,000 from 32 countries around the world. Brother Kutuyba (see) is also a new billionaire.